Keystone Wealth Services LLC Has $520,000 Stake in Altria Group, Inc. (NYSE:MO)

Keystone Wealth Services LLC cut its position in shares of Altria Group, Inc. (NYSE:MOFree Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,918 shares of the company’s stock after selling 626 shares during the period. Keystone Wealth Services LLC’s holdings in Altria Group were worth $520,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Taylor & Morgan Wealth Management LLC increased its stake in shares of Altria Group by 2.1% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 11,981 shares of the company’s stock worth $483,000 after purchasing an additional 246 shares during the last quarter. Salvus Wealth Management LLC increased its position in Altria Group by 1.8% in the fourth quarter. Salvus Wealth Management LLC now owns 14,326 shares of the company’s stock worth $578,000 after buying an additional 250 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC raised its stake in shares of Altria Group by 3.7% in the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,332 shares of the company’s stock valued at $296,000 after buying an additional 262 shares during the period. CFM Wealth Partners LLC lifted its position in shares of Altria Group by 0.3% during the 4th quarter. CFM Wealth Partners LLC now owns 81,901 shares of the company’s stock valued at $3,304,000 after buying an additional 263 shares during the last quarter. Finally, Zullo Investment Group Inc. grew its stake in shares of Altria Group by 4.2% during the 4th quarter. Zullo Investment Group Inc. now owns 6,559 shares of the company’s stock worth $265,000 after acquiring an additional 264 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Altria Group

In related news, VP Charles N. Whitaker sold 22,487 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $43.95, for a total value of $988,303.65. Following the completion of the transaction, the vice president now directly owns 173,485 shares of the company’s stock, valued at $7,624,665.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. Argus upgraded Altria Group to a “hold” rating in a research note on Friday, May 31st. UBS Group upped their price target on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. Finally, StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.90.

View Our Latest Stock Report on Altria Group

Altria Group Stock Performance

MO stock traded up $0.04 during trading on Tuesday, hitting $46.49. 1,413,934 shares of the company traded hands, compared to its average volume of 11,226,343. The company has a 50-day moving average of $44.82 and a 200-day moving average of $42.63. The firm has a market capitalization of $79.85 billion, a PE ratio of 9.73, a P/E/G ratio of 2.82 and a beta of 0.64. Altria Group, Inc. has a 1 year low of $39.06 and a 1 year high of $47.19.

Altria Group (NYSE:MOGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the company posted $1.18 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Sell-side analysts expect that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 8.43%. The ex-dividend date is Friday, June 14th. Altria Group’s dividend payout ratio (DPR) is currently 82.01%.

Altria Group Profile

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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